News / Egypt

BG Egypt to invest $2 bln

BG Group's Egyptian subsidiary announced it would invest $2 billion to install a pipeline and drill new wells off Egypt's Mediterranean coast to help meet the country's growing demand for gas.

EGPC reissues tender to sell unsold naphtha

The Egyptian General Petroleum Corporation (EGPC) has reissued a tender to sell up to 50% of the naphtha cargoes left over from its H2 2010 term cycle, according to trade sources.

Technip awarded a Subsea contract in the Mediterranean Sea

Technip has been awarded a lump sum engineering, procurement, installation and construction (EPIC) contract by Burullus Gas Company SAE(1) for the West Delta Deep Marine (WDDM) Phase VIIIa development project.

IFC invests $120m in Egyptian Refining Company

Citadel Capital, the leading private equity firm in the Middle East and Africa with $8.3bn in investments under control, announced today the International Finance Corporation (IFC) is investing $120m in the Egyptian Refining Company (ERC).

Ibrahim to lead Tharwa

Eng. Sameh Fahmy, the Egyptian petroleum Minister, issued his orders to bring some movements to the head of Tharwa Petroleum Company and some other companies. Geologist Abu Bakr Ibrahim will head Tharwa Petroleum Company, instead of Eng. Atef Abdel-Sadeq, who became the head of the Mineral Resources department in the Ministry of Petroleum.

BG Egypt Launches the BG Egypt University Linkages Programme at Cairo University

BG Egypt and Cairo University in collaboration with British Council Egypt, launched the BG Egypt University Linkages Programme at Cairo University.

Egypt’s Oil MInister to pay visit to Azerbaijan on July 7

Egyptian Minister of Oil Sameh Fahmi will pay visit on July 7 to Azerbaijan, according to APA

Dana: Double Oil Discoveries in Egypt

Dana Petroleum announced two new oil discoveries in Egypt and gave an update on its 2010 drilling program.

Red Sea Spill Causes Oil Company Stocks to Drop

It's as though oil drilling has reached a holding pattern off the Red Sea coast of Egypt as the media, investors, drilling companies, governments and NGOs work to establish or even decide on the cause of the oil spill off the coast of Egypt’s Red Sea last week.

Egypt oil spill threatens Red Sea marine life

An oil spill off the Egyptian Red Sea coast of Hurghada threatening to damage marine life in the area has prompted environmental agencies to demand tighter regulation of offshore oil platforms.

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